Cooperman is a hedge fund industry legend and manages Omega, an iconic New York fund with about $5.5 billion in assets. The trading involves a company called Atlas Pipeline Partners, according to the SEC complaint, and it seems a relative of Leon Cooperman tried to blow the whistle on him without knowing it.

"[T]here had been some fishy options trades in apl [sic] before this that somebody should investigate," the relative told an Atlas Pipeline Partners executive.

Bank of Japan targets bond yields— The Bank of Japan refrained from cutting interest rates from -0.1% at its September monetary-policy meeting, choosing instead to modify its existing policy framework.